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Boohoo Group (LSE: BOO) 3Q18 Trading Update: Doubles Revenue, Raises Guidance

Executive Summary

  • reported group revenue of £228.2 million in 3Q18 (the four months ended December 31, 2017), up 93% year over year at constant currency.
  • Group retail gross margin softened by 20 basis points to 54.2% during the period.
  • raised its group revenue guidance for the third time this fiscal year. The company now expects FY18 revenue growth of 90%, versus 80% previously.

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